SOURCE: TransGlobal Assets, Inc

TransGlobal Assets, Inc

May 24, 2011 08:30 ET

TransGlobal Assets Makes Revolutionary Engineering Advancements to Expand Biomass System Across Multiple Industries

LINCOLN CITY, OR--(Marketwire - May 24, 2011) - TransGlobal Assets, Inc., (OTCQB: TMSH) (PINKSHEETS: TMSH) is pleased to announce that its Joint Venture Partner, Helios Inc. of India, has made revolutionary engineering advancements to its biomass unit design allowing the System to now take in virtually all forms of waste generated by humans and animals and convert the waste into saleable electricity and byproducts. The advancements position TransGlobal Assets as the sole supplier of a completely portable and modular all-waste management solution for commercial-scale use on the market today.

By engineering the System to process an even wider variety of waste inputs, the Company can expand its business beyond landfill clean up and management to an even broader range of commercial industries that also generate and manage high volumes of waste product. TransGlobal Assets can now provide solutions for, and generate clean energy from:

  • Medical waste
  • Commercial poultry, swine and livestock production
  • Human sewage
  • Wood, plastic, glass, metal and rubber refuse (including tires)
  • Coal and coal waste byproduct
  • Textiles and leather manufacturing debris
  • Yard and garden debris and more.

"Not only has this design enhancement expanded our market exponentially, it has opened up avenues for revenue beyond the already enormous industry of municipal solid waste management," says Paul Thompson, Vice President of Investor Relations for TransGlobal Assets. "In short order, we expect to more than double our original revenue estimates in sales, leasing, and Company managed systems."

Revenue Impact:

As a result of the design enhancements, the Company intends to initially expand into four additional industries beyond Municipal Solid Waste management. The Company conservatively projects a five-fold increase in the number of units sold, leased or operated as a result of the expansion. At present, the Company holds Letters of Intent to purchase eight 1-MW units for MSW processing. The units are expected to generate revenues over $48M USD. Based on its current purchase commitments within one industry, the expansion across five industries could realistically increase revenues from $48M USD to $240M USD.

Furthermore, other commercial and civic entities have expressed interest in purchasing 37 additional biomass systems for MSW processing and landfill clean up. Revenues from those sales could reach $270M USD. Based on current expressed interest and the additional industries which have been made available with this new technology, TransGlobal Assets will establish itself as a leader in this multi-billion dollar renewable energy market and make a significant positive impact on the environment.

About TransGlobal Assets, Inc.: TransGlobal Assets, Inc. is a rapidly evolving global holding corporation strategically poised to build a multi-billion dollar asset base within diverse industries around the world. The Company's initial emphasis is on Renewable Energy Ventures, Resort and Hospitality Properties, Senior-Related Services, Commercial Real Estate, select Manufacturing, and beyond. To learn more about TransGlobal Assets, Inc., please visit: http://www.tmshglobal.com/

Safe Harbor Statement
This news release contains "forward-looking statements" as that term is defined in Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements. Forward-looking statements involve known and unknown risks, and other factors that may cause actual results or achievements to differ materially from the anticipated results or achievements expressed or implied by such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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